Meru Networks, Inc. announced Mr. Meresman will not be standing for re-election to its Board in 2013. To fill the vacancy on the audit committee created by Mr. Meresman's departure, Mr. Nicholas Mitsakos will be appointed as a member of the audit committee as of the date of the Annual Meeting, assuming Mr. Mitsakos is re-elected to the Board at the Annual Meeting. Nicholas Mitsakos is a co-founder of the Company, and has served as one of its directors since January 2002. Since 1989, Mr. Mitsakos has served as the Chairman and CEO of Arcadia Holdings, Inc.

Meru Networks, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $24,735,000 against $19,411,000 a year ago. Loss from operations was $2,773,000 against $14,357,000 a year ago. Loss before provision for income taxes was $3,445,000 against $14,358,000 a year ago. Net loss was $3,583,000 against $14,487,000 a year ago. Net loss per share of common stock, basic and diluted was $0.18 against $0.82 a year ago. Non-GAAP net loss was $2,012,000 against $8,922,000 a year ago. Non-GAAP net loss per share of common stock, basic and diluted was $0.10 against $0.50 a year ago. Non-GAAP loss from operations was $1,247,000 against $8,792,000 a year ago. Net cash provided by operating activities was $1,036,000 against net cash used in operating activities of 10,115,000 a year ago. Purchases of property and equipment were $156,000 against $375,000 a year ago. Now on to guidance, second quarter is traditionally a seasonally stronger quarter for its business than first quarter and therefore the company is expecting a sequential growth in revenue of approximately 3% to 15% of revenue range of $25.5 million to $28.5 million. The company expects non-GAAP gross margins to be in the 63.5% to 64.5% range, a sequential improvement from first quarter. The company expects gross margins to continue to improve through out the year on the way to its long-term goal of 65% to 68%. The company expects operating expenses to increase sequentially from first quarter. Based on these estimates, the company expects second quqarter non-GAAP net loss of $1.2 million to $3.0 million or $0.05 to $0.14 per share based on the share count of approximately 22.2 million shares. This represents an over 50% reduction in the non-GAAP net loss from second quarter last year at the mid-point. For the last quarter, the company gave a guidance range of $110 million to $120 million for the year.

Meru Networks, Inc. announced that Westcon Group will expand its distribution of Meru virtualized Wi-Fi solutions, based on the Meru(R) MobileFLEX(TM) architecture, into Mexico and Brazil, effective immediately. The two companies will now have distribution arrangements in more than 17 countries, including the United States, Canada, United Kingdom, Spain, Italy, Mexico and Brazil.